LOANS
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Banks Make Loans Cheaper But Keep Their Margins
Banks have cut interest rates for ongoing loans in lei by three quarters of a percent in three months’ time, to 10.8% a year in May, but have kept their net interest margin as high as possib...
BNR: Loans Could Get Cheaper By Summer’s End
The central bank’s decision to ease its monetary policy should reflect into lower loan rates in the local market over the coming months, the bank’s chief said Monday.
Amendment To Romania Civil Procedure Code Delayed Again
Romanian consumers were once again denied the possibility to denounce in court potentially abusive clauses introduced by service providers, including banks, after the lawmakers decided Frida...
Vasilescu, BNR: Very Few Consumers Still Eligible For Loans
Retail lending in Romania has reached an impasse after most of the consumers eligible for financing have already taken out loans, leaving banks with very few options to find new clients, an...
Head Of BCR’s Retail: We Will Bite Into The Euro Mortgage Market With Loans In Lei
BCR, the largest bank on the Romanian market, is preparing to “bite” into the euro market with a new mortgage loan in lei, says Martin Skopek, executive vice-president in charge of retail of...
UniCredit Tiriac Bank Lent EUR25M To SMEs Via JEREMIE Program
Romanian lender UniCredit Tiriac Bank funded around 100 small and medium-sized businesses with a total EUR25 million through the Joint European Resources for Micro to Medium Enterprises (JER...
van Groningen Says Demand For Foreign Currency Loans Remains High
The chief executive of Raiffeisen Bank Romania Thursday said that local demand for foreign currency loans remains high despite restrictions imposed by the central bank in a move to limit the...
Romcab Seeks New Loans, Wants To Extend Credit Line
Romanian cable maker Romcab Targu-Mures (MCAB.RO) plans to contract two loans of EUR1 million and RON4 million, respectively, from Banca Comerciala Feroviara, and to extend a credit line of...
Bankers Won’t Cut Interest Rates Because Central Bank Says So
Steven van Groningen, chief executive of Raiffeisen Bank, says loan interest rates will be gradually cut, but the cuts will be made depending on market conditions, not because somebody order...